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- Tasks: Support the Deputy Director of Underwriting and oversee underwriting controls across diverse syndicates.
- Company: PoloWorks, a dynamic player in the insurance industry.
- Benefits: Competitive salary, full-time role, and opportunities for professional growth.
- Why this job: Join a pioneering team and make a real impact in underwriting oversight.
- Qualifications: Experience in the Lloyd’s market and strong analytical skills required.
- Other info: Embrace a culture of responsibility, inclusivity, and empowerment.
The predicted salary is between 50000 - 70000 £ per year.
We are seeking a motivated professional to play a key role in supporting the Deputy Director of Underwriting. This role will focus on delivering and overseeing the underwriting controls framework, while also contributing to the successful delivery of business planning activities across a diverse portfolio of syndicates.
Key Responsibilities
- To report to the Deputy Director of Underwriting in all matters relating to the delivery of the managing agency underwriting controls and oversight framework and the onboarding of new syndicates into the framework.
- Work alongside the Head of Underwriting Operations to agree the Underwriting Controls Framework and its implementation at new syndicates.
- To monitor managed syndicates against the agreed syndicate business plans including the review of monthly and quarterly underwriting performance reports.
- Working closely with the Underwriting Management Team plus the Active Underwriters and their teams as appropriate to understand any deviations from plan.
- To consider performance strategies and work with the Deputy DoU in the implementation of corrective action if required.
- To work alongside the Underwriting Governance function of the Underwriting Management Team to investigate deviations from agreed plan and agree strategies for corrective actions.
- To review syndicate business plans for the prospective year of account, leading on the SBF process internally and externally with a portfolio of syndicates, to ensure timely submission to Lloyd’s.
- To lead on any Mid-Year Changes requested by syndicates, ensuring the necessary co-ordination across functions and making recommendations to the PMA Deputy DoU.
- May be requested to work with the Director of Underwriting and the New Business Director, depending on the portfolio of the new business opportunity.
- To work alongside the Underwriting Governance Function on syndicate BAU activities.
- To maintain record keeping and action logs of syndicate related activities to support and evidence oversight.
- To maintain compliance with Lloyd’s Principle for Doing Business and any applicable UK or International statutory regulatory obligations as required by the role.
- To conduct ad hoc reviews and projects as required.
Skills, Knowledge and Expertise
- Experienced in the Lloyd’s market, preferably with an underwriting background and may be working or have worked in an underwriting oversight role.
- Preferably graduate and ACII qualified or progress towards qualification.
- Sound understanding of underwriting and Lloyd’s operations.
- May have previous experience of working in a Managing Agent.
- Understanding of Lloyd’s Principles for Doing Business.
- Sound knowledge of Underwriting Governance and Controls Frameworks.
- Sound knowledge of underwriting management information.
- Self-motivated and proactive.
- Strong organizational and planning skills, with the ability to prioritise and deliver results under pressure.
- Ability to adapt to changing priorities and manage multiple deadlines.
- Good level of IT skills including Excel.
- Highly numerate with strong analytical and problem-solving skills.
- Excellent written and verbal communication skills and strong interpersonal skills.
- Ability to work collaboratively and establish strong relationships.
Demonstrates behaviours aligned to the Polo Works PRIDE values:
- Pioneering – we don’t stand still
- Responsible – We do the right thing
- Inclusive – we all play a role
- Delivery Focused - we provide services we are proud of
- Empowering – we equip people to be their best
Underwriting Oversight Manager in London employer: PoloWorks
Contact Detail:
PoloWorks Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Oversight Manager in London
✨Tip Number 1
Network like a pro! Reach out to folks in the underwriting field, especially those at PoloWorks. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Lloyd’s operations and underwriting governance. Show us you know your stuff and can hit the ground running!
✨Tip Number 3
Don’t just apply; follow up! A quick email or message after submitting your application shows enthusiasm and keeps you on their radar. We love seeing candidates who are proactive!
✨Tip Number 4
Use our website to apply! It’s the best way to ensure your application gets seen. Plus, you’ll find all the latest roles and updates right there.
We think you need these skills to ace Underwriting Oversight Manager in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriting Oversight Manager role. Highlight your experience in underwriting and any relevant qualifications, like ACII, to show us you’re the right fit for the job.
Craft a Compelling Cover Letter: Your cover letter should tell us why you’re passionate about this role and how your skills align with our needs. Be specific about your experience in the Lloyd’s market and how you can contribute to our underwriting controls framework.
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, make sure to include examples of how you've used these skills in past roles. We want to see how you’ve tackled challenges and delivered results under pressure.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the Underwriting Oversight Manager position. We can’t wait to hear from you!
How to prepare for a job interview at PoloWorks
✨Know Your Underwriting Controls
Make sure you have a solid understanding of underwriting controls and frameworks. Brush up on your knowledge of Lloyd’s Principles for Doing Business, as well as any relevant compliance regulations. This will show that you're not just familiar with the role but also genuinely interested in how it fits into the bigger picture.
✨Prepare for Performance Discussions
Since the role involves monitoring syndicate performance against business plans, be ready to discuss how you would approach performance reviews. Think about specific strategies you've used in the past to address deviations from plans and how you would implement corrective actions.
✨Showcase Your Analytical Skills
Highlight your analytical and problem-solving skills during the interview. Be prepared to share examples of how you've used data to make informed decisions in previous roles. This is crucial for a position that requires oversight and governance.
✨Demonstrate Collaborative Spirit
This role requires working closely with various teams, so it's important to demonstrate your ability to collaborate effectively. Share examples of how you've built strong relationships in past roles and how you’ve worked with others to achieve common goals.
